Everton face ‘major complication’ amid Farhad Moshiri, 777 Partners takeover twist
Everton now face a “major complication” as Farhad Moshiri looks set to pull away from a deal with 777 Partners, according to The Telegraph.
The British news outlet reported via its website on Wednesday (8 May) that the takeover is at “severe risk of collapse” after crisis talks were held.
Moshiri, who is looking to sell his full 94.1-per-cent stake in the club, is said to be unconvinced 777 has the money to fund a takeover.
The report, written by Tom Morgan, states that “one major complication” is that “777 has paid almost £200million into Everton since September.”
Everton reaching crisis point in 777 Partners talks
One way or another, this saga appears to be coming to an end. Some eight months on from Moshiri agreeing to sell his stake to 777, this deal is surely set to collapse.
Whether that is a good thing for Everton in the long term or not, well only time will tell. On the face of it, it could well be disastrous as money is dripping out of the club by the millions.
However – and this may be being overly optimistic – there will surely be someone waiting in the wings waiting to take up the amazing opportunity to purchase Everton.
The situation at Goodison Park no longer looks as bleak as it did a month ago as Premier League safety has been secured for another year.
From the reports over the past 48 hours or so – or even the past half a year – you have to assume 777 are now out of the picture. All we can hope is that someone else will now step forward ASAP.
In other Everton news, a report has shared Jordan Pickford’s stance amid interest from Chelsea.
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